ADVFN: "As we get closer to 15 Feb the fear will rise and price fall. Will EPO try to lie 15 days late about the worst 6 month trading period in its atrocious history? I expect H1fy18 was anorher disaster:

A) Record loss -£9m (if no fx gain)
B) Turnover growth stalled at £16.5m.
C) average revenue per transaction crashed -20% since H1fy17.
D) 5 of 7 senior management (photos in accounts) gone in 15 months and 1 NXD. Rats squealing down the gangplank have scratched a grove such is the speed and frenzy of their departure from the sinking Earthtanic.
E) Trading update will lie about how great is the oppurtunity for great new management to do great things with this great business with great Uberboi making the great move from CEO to Chair and great Hickboi making the great move from Chair to interim CEO. It will be great. Not at all plunging into the icy depths while the lurching Earthtanic band keeps playing.
F) Sinking to 3p then insolvent Administration or Liquidation. Or maybe a massive reconstruction and dilution on eve of liquidation.

MANDATORY SELL. Heading for 3p in 12-16 months
All imho. Dyor
In past 2 years EPO has crashed -5p three times. It will be four if it crashes from 07:50 to 08:00 on 15 Feb. 1.5 trading days to bank gains or cut losses?
Traders with stop losses should check if they have any protection if it opens down -5p. Usually stop losses only apply during trading hours ie you get hit with the crash from 7am RNS to 8am opening.
Traders and investors: Be afraid. Be very afraid.
All imho. Dyor

4) Hello again to average revenue per transaction crashed another -15% to £2.30 (H1fy17 £2.70).

5) Already had 5 of 7 senior management bail/fired. Uberoi won't be parted from his trophy company. Andrew Brown is the only other one left; in compliance pay needs to be checked! He is not commercial so may not understand the impending collapse.

IMMINENT PRICE BLOODBATH on 15 Feb and mid March with full interim numbers. Dont know split of damage between two. Price crash to 3p in next 12-16 months.
All imho. Dyor

Well Steve More proved correct in hindsight 31/10/17.
Two RNS this morning down nearly 35 %.
No comments on that site ( except the news in margin )
I think that site can influence small AIM share prices .

From ADVFN:
H2fy17 was a concealed -£9.2m loss. Business model secretly fell off a cliff which is why in truth Uberoi needed so much extra cash.
Average revenue per transaction is crashing on average -25% pa since fy16. It was -35% in fy16. -15% in fy17. Uberoi is now desperately chasing volume from second and third world business so the unit price could fall even faster in fy18 and fy19.
New management will terminate this dire loss-making extra turnover, shut the new offices, fire all the new staff; and relocate or fire existing central London admin staff. Massive restructuring cost in fy20. All paid for by existing holder 50% dilution in October 2019 round of 625m shares @4p with 1 for 10 share consolidation.
Fy20 turnover will be cut (terminated clients) to about £20m to stem the wild trading losses.
1.25 billion shares @4p will be market cap £50m post Oct 19 round i.e. x2.5 fy20 restructured turnover. That valuation will be plenty high enough given the massive exceptional global restructuring loss of about -£15m. Maybe 4p is too high.
EPO is hurtling down a rat-run with a flawed business model. Now slaughtering shareholder value by losing about -£1.7m every month. -£1.7m every month!

Trust bust. Business model flawed. Burning £30m cash in fy18 and fy19 to sign turnover which will cost another £15m to terminate. £45m cash in bin i.e. -7p per share to delete from 14.5p share price =7.5p. Plus the 4p downgrade from slashing turnover in fy20. Target price Oct 2019 restructuring round is 3p to 4p.

ADVFN:
"EPO bought Baydonhill at a valuation of x1 turnover and it is wirth x1. Not the x4 implied market valuation. Management conceal the split of fx revenue for this reason but I estimate c£12m of the £30m in fy17. EPO must file the fx accounts at Companies House by 31 March 2018 and dirty EPO left it that late last year.

Valuation correction is £12m x3 = £36m ie -6p per EPO share.

In the unlikely event EPO recover all of the £5m it blundered, that woukd be worth +0.8p ps. Peanuts. The governance disaster of the blunder was the huge problem.

The share price needs to fall -6p now for the fx valuation error. It could rise +0.8p if the unlikely insurance claim succeeds in full.

Knife 1) This -6p fx price error is yet more downward pressure on the falling knife.
Knife 2) H2fy17 loss rocketed to -£9.2m. And this disaster was concealed from the market until after the Oct 17 rescue round, in breach if AiM rule 11.
Knife 3) Average revenue per transaction crashed -35% in fy16; another -15% in fy17; expect -20% in fy18.
Knife 4) overheads will turbo-bluat from £26m to £35m in fy18.
Knife 5) Dirty EPO management are busted for serially false forecasts and misleading the market with late downgrades and apparently deceitful trading statements concealing disasters.
Knife 6) increased losses will lead to disaster restructuring under new management in 2 years. Round @4p and 10 for 1 share consolidation.
Knife 7) Investor genocide. Again (2005 and 2010-17)!
Knife 8) Massive seller overhang now breakeven lie is exposed.
Knife 9) Confidence is broken. Rightly so.

Now Spank Scubeori has switched the bloated £26m overheads onto turbo-bloat by an extra £7-10m pa to £33-36m pa, the losses will mushroom. After the usual multiple downgrades in only 2 years more funding will be needed. Another 50% downround would give 10p. It could be much worse.

Would of been wise to slice on recent high as ABB last evening between 5 and 7 pm .
Placing @ 20p institutions must hang about and be available to act.
Be nice if they matched it with OO to ordinary PIs
Price Dropped off 15% to 21p.
A large raise guess it a good sign . AIM !!!!
And this type of placing becoming more common not in PIs interest.

News was good in the last results.
You can see cash improved 500K over the last 6 months
They stated 140+ deals in the pipeline
They stated India was SIGNIFICANT.
They stated existing clients are growing

They stated they were on the up, positive and growing. They have cash and they are growing.

All points to a breakout to 50p initially with more news, progress to £1, after which if could eventually hit £2 a share over the coming 2/3 years.

EPO growing as a business
EPO not needing more cash
Cash reserves increased during the past 6 months by 500K
140+ client pipe line
Bank of India is seen as significant
BoA moved ahead with more volume and no longer a pilot
More clients
More revenue
No disaster fund round as predicted by SilkStag aka CaptianMultitosh.
No 4p
No nothing.

On Tuesday when Steve More made his comments share price was 19.25p ..three days later 26p.
That's a good rise......... more then 30%.
Has anyone worked out how you'd fair if you did opposite to what Share Prophets blog suggested.

Nothing changes here does it SilkStag. Why you have to pretend not to be SilkStag is shameful and embarrassing.

Anyway, lets look at the facts Captian ahoy.

Their losses were smaller than the lagest losses ever records.

The information you posted here, slating, again I might add the company, is all in the public domain. The price fell, as you harped on or years from 40p to 11p. For once you predicted the price, but not because of the following reasons:

1) Falling revenue
2) No business
3) Scraps revenue
4) Fixed fees ending, with no revenue increase from transactions, you said this, remember, again did not happen.

No, because their strategy changed, which prolonged their original timelines of making a profit. Your reasons were non-existant. They also had issues on the 5 million, something you appear to have known abput before it was public? Did you know before it was public?

Now, since 11p, the company has demonstrated its scraps revenue you suggested it had, was 22 million. They processed over 11 billion of cash. Is that a company going down the pan, going to the wall, no one wanting to do business? Maybe pre HANK, maybe, when their revenue was 3 million and less. Since then, revenue will increase, if all goes well to 30 million or so.

Now, yes now again, sorry, they are now on the up. Negative news is out, positive momentum is now on track, revenue is up, transaction revenue is also up with lower fees, something you have kidly pretended you never said. Come to think of it you have come up with many reasons why this company should die, as soon as they reasons die with your sanity, you come up with more reasons.

Now they hit 11p, you now start harping more rubbish and say 4p. When are you going to listen to yourself, the hatred you have to terribly sad.

In the meantime, the stock has broke out, Up, as they said, the trend is up, more news will come and the trend will continue to push this north to 40p once again. If they then show they are on targets, 60p will be seen an dmore to come. They are not going to go away as you hoped. They may have shafted you somehow years ago, but grow up, you can't win all the battles. Shame on you.

"Readers should compare the FY16 Annual Report and 26 October 2016 Final Results RNS with FY14 and FY15.

FY16 is improper and unlawful.

Deceived buyers since 26 October may be entitled to compensation from the company and/or EPO Directors.

The FY16 Annual Report and RNS should be corrected and reissued.

CFO (at least) should be voted off Board by latest 2 December 2016 AGM and fired.
...
Read Companies Act 2006 s471 then Financial Highlights in EPO Annual Report for FY14, FY15 then FY16 (pages 1 and 5). List what the Directors deleted from FY14 and FY15 so concealed in FY16.

Earthport (AIM: EPO.L), the leading payment network for cross-border payments, is pleased to announce its final results for the year ended 30 June 2016.

Financial Highlights
 Revenues increased 18% to £22.8 million, within the range referenced at the Capital Markets Day held on 27 April 2016 (available at www.earthport.com/investors)
 Transactional revenues comprised approximately 91% of total revenue
 Adjusted gross margin of 70% resulting in adjusted gross profit of £15.9 million*
 Gross margin of 67.4% after impact of warrant charge, resulting in gross profit of £15.3 million
 Cash and cash equivalents at 30 June 2016 of £14.4 million and consistent with guidance at the Capital Markets Day
* Impacted by elevated transaction costs related to building resilience of the Earthport network.

If I'm right that FY16 will tailspin to a loss -£25.5m below forecast (due to rocketing costs and a £5m blunder) and turnover growth stalls -£8m below forecast (due to management failing to work key accounts) ... then, readers, how can any holder expect this management team to make them money?

Seriously, they are not just bad or poor they are arogant decei*ful profligate ivory-tower big-institution bungling-f***wits who don't know how to make, or respect other people's, money?

MANDATORY SELL or lose 65% to 4p disaster funding rounds. Up to you. Failure is obvious.
All im(wise)o. Dyor."

The journey of EPO has not been without its trials - but they didn't pick an easy business to enter.
Further, the recent loss of £5m from a potential corporate fraud in its FX subsidiary is of course very disappointing. Banking and the occasional fraud - who would have guessed?

However, the simple reality is that these guys are growing the top line, adding new customers and building "sticky" transactional revenues that in due course, will produce very strong returns as the volumes grow.

This share has not been one for the faint of heart, however, it does have substantial potential and at the current price looks to be a reasonable punt. They have enough cash to continue this global growth strategy and so long as they keep increasing the top line and lock out the risk through improving their systems, I suspect that they will also be able to raise further finance if needs be in the future to remove the doubting Tom's.

At this price, I think this could easily be a 10X return in 3 years (so long as they improve their risk management).

Not sure how management are being rewarded at all, if everything else you write is correct then the options aren't likely to be ever worth much are they?
Strange a director being so foolish to buy all those share too!

1) Panmure to resign as joint broker and resign as Nomad
2) fy16 loss after tax -£18m]. Of which -£5m is the Baydonhill FX blunder
3) fy16 turnover £22.5m [+17%. Too low to support market valuation]
4) Block of new share options to reward management for failure [vile]
5) Cash 1-1-16 was £24m. Deduct £5m for blunder. By time to sign full year accounts in Oct/Nov, EPO will burn £1.1m x 10 = £11m. So cash left will be 24 - 5 - 11 = £8m. That is not enough to fund EPO for 12 months (need £13m) so EPO will need a funding round in autumn 2016 to sign off the accounts as a going concern.

... It would be no surprise to see EPO retreat to its 2010 turnaround price of 10p ... confidence in EPO is busted so we expect failure ... expect the price slide to continue, especially when the market works out that a disaster funding round is likely required due to outrageous trading losses and a £5m governance blunder."

BAIL OR DROWN ANOTHER 10.25p down to 7p. Up to you.
All imho and DYOR."

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